“LOL, You’re not half the man I am”–Late night text from Bernanke to Greenspan
We now start the next leg of the bull market which was made possible by Summers bailing out, followed by a “no taper” announcement from the Fed. We will now be more data dependent than ever and truth be told, market participants will be rooting for bad economic news so the easy money stays in place. This is the new normal. Philosophically you may love it or hate it it, but it is what it is.
Blackberry ($BBRY) is laying off 40% of its workforce, Wells Fargo ($WFC) is firing 4,000 more mortgage workers and Bloomberg reports that the growth in jobs for women is due to waiting tables. Don’t worry, the market isn’t the economy.
Chrysler is filing an IPO any day now.
According to the FBI, Chicago is now the murder capital of the U.S.A.
Icahn called $DELL dysfunctional.
Greek unemployment fell for the first time in four years, but don’t get excited, its still at 27%.